Diskusjon Triggere Porteføljer Aksjonærlister

Standard Drilling (SDSD)

Offshore
#1

Starter en tråd om S.D. STANDARD DRIL (SDSD.OL) siden en del har den i favoritt-listen eller i porteføljen sin :slight_smile:

S.D.

Standard Drilling Plc does not have significant operations. It focuses on investing in oil and gas sector.

Previously, the company provided oilfield services. The company was founded in 2010 and is headquartered in Limassol, Cyprus.

S.D.

Standard Drilling Plc is a subsidiary of Saga Tankers Asa.

La oss starte diskusjonen! @Tesch @FHvarde @babyrage @sanoda @Gonzo @Haren @odd @Metehi @Saint333 @Janisak @TheBeatles @anon48632287 @Breien @flatspin @tyrileif @pdx

#2

Dette er et wiki-innlegg som alle kan redigere for å lage en oversikt over alt man bør vite om denne investeringsmuligheten. Det hjelper nye og eksisterende medlemmer raskt forstå og ta stilling til en investering. Bruk Rediger-knappen nede til høyre for å legge til noe :slight_smile: Takk!

#3

SDSD er min hovedinvestering for tiden, litt artig å finne en tråd om denne her, men synes ikke det sto noe særlig i tråden. Standardteksten i startinnlegget står vel også på E24 osv., men er i praksis utdatert.

SDSD har 5 heleide båter (PSV) innen oljeservice. Dessuten har de andeler i en god del flere PSVer. Selskapet har vært flinke med å få kontrakter, og er godt posisjonert.

Selskapet er veldig lavt priset ift. bokført verdi, slik at oppsiden er stor.

Selskapet har gått litt under radaren til nå, eller folk er skeptiske til Spetalen (som via Saga Tankers er største eier). De som har levd en stund, har sett dette gjentatte ganger før, folk blir sure på Spetalen fordi han selger noen aksjer i NEL eller hva det nå er, aksjer i andre selskaper han er involvert i blir så veldig billige fordi folk er sure, og så kommer kursen etterhvert som et lyn allikevel. Matematikken seirer til slutt.

Oljeservice blir spådd en veldig fin utvikling fremover mtp. oljepris og fornyet aktivitet innen olje.

Selskapet rapporterer for 1. kvartal til tirsdag, 15. mai. Det skal da lite til før blir litt blest om selskapet, som da kan gå som en kule, men man vet jo aldri.

Veldig tro på denne, men vi får se.

3 Likes
#4

SDSD: SECOND QUARTER 2018 FINANCIAL RESULTS

(Limassol, 28 August 2018) S.D. Standard Drilling Plc (Standard Drilling,
OSE:SDSD) had a positive adjusted EBITDA of USD 0.2 million in the second
quarter of 2018 from the underlying operations of Platform Supply Vessels
(PSVs), up from minus USD 1.5 million in the corresponding quarter last year.
Standard Drilling will take advantage of the expected upturn in the North Sea
market and will leverage on the company’s modern fleet of large vessels, low
overhead costs, sound financial position with no debt.

“Standard Drilling experienced a satisfactory demand and utilization of our
modern PSV fleet in the second quarter at this early stage of the expected
upturn in the North Sea market. We continue to see indications of higher day
rates going forward and has a solid position to capitalize on this development
with our modern fleet of large vessels, low overhead costs and sound financial
position with no debt,” says Martin Nes, Chairman of the Board of Standard
Drilling.

The company is an investment entity and shall not consolidate its subsidiaries.
Consequently, Standard Drilling measures it’s investments in PSVs based on
estimates from reputable independent valuers. Revenues and EBITDA from
chartering out the vessels are not consolidated into, nor reflected in the
financial statements. Consequently, Standard Drilling reported an operating
profit of USD -2.7 million in the second quarter of 2018 (Q2 2017: - USD 0.7
million), following negative fair value changes of USD 2.3 million.

Standard Drilling owns 100% of five large-size modern PSVs. In addition, the
company has invested in 15 mid-size PSVs, bringing the total fleet of partly and
fully owned vessels to 20 PSVs. The company had an underlying positive adjusted
EBITDA, excluding non-recurring cost and dry dock, special survey, maintenance
and repair, in the second quarter of USD 0.4 million from the five fully owned
large-sized PSV’s. Including the 25.53% ownership in PSV Opportunity III and
Northern PSV, the group netted a positive adjusted EBITDA of USD 0.2 million.

The company and its subsidiaries had a cash balance of USD 21.3 million at the
end of the second quarter, up from USD 13.2 million in the same period last
year.

“Standard Drilling is well positioned to take part in the expected upturn in the
North Sea market. We have a sound financial position and are in a good position
to take advantage of investment opportunities that may appear. This includes,
but is not limited to, asset play or investments directly in other companies,”
says Nes.

ENDS
For additional information, please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16
Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard Drilling/www.standard-drilling.com
S.D. Standard Drilling was founded in 2010. The company currently has 100%
ownership interest in five large-size Platform Supply Vessels (‘PSVs’) and an
indirect ownership interest in fifteen mid-size PSVs.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=458184

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180828.OBI.20180828S5

#5

SDSD- Presents at the Pareto Oil and Offshore Conference

Sd Standard Drilling Plc will present at the Pareto Oil and Offshore Conference
on 12 September 2018 in Oslo, Norway.

A copy of the presentation is attached and will be available on the SDSD’s
website.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=459175

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180912.OBI.20180912S5

#6

Noen som har sett på denne?
Er vel inne i syklus-oppsving for OSV?

Har gode kursmål og er M&A (Merger/Acquisition) kandidat.

Kepler Cheuvreux, kursmål NOK2.50,
Fearnley Securities, kursmål NOK2.40
Clarkson Platou, kursmål NOK2.90.

Har funnet kursmål på konkurrerende forum og har ikke lest analysene selv.

#7

S.D. Standard Drilling Plc (“SDSD”) - Sale of vessels

Limassol, 18 October 2018

New World Supply Ltd (“NWS”), where SDSD has an ownership of 26.2%, has
completed a sale of two of its six medium sized platform supply vessels (PSVs).
The vessels, “World Sapphire” and “World Emerald”, have been in lay-up in Spain
since October and November 2016. The purchase price, which remains confidential,
has been fully paid for both vessels. The transaction is done at a level that
reflect significantly higher vessel value compared to SDSD’s book value and
acquisition price of the shares in New World Supply Ltd.

As previously stated, SDSD consider its holding in NWS as a financial
investment. Following the above mentioned transaction, NWS owns four medium
sized PSV vessels built in 2013.

Northern Supply AS (previously PSV Opportunity AS and Northern PSV AS), where
SDSD has an ownership of 25.5%, has completed a sale- lease back contract for FS
Arendal (2006). FS Arendal was sold for USDm 2.8. Northern Supply AS has entered
into a one year bare-boat contract (1+1 year option) with the buyer at day rate
USD 0 per day and with a 50/50 profit split at net hire between GBP 5100-10 000
per day. Northern Supply AS has received the total transaction price. The buyer
is responsible to carry out and pay for Special Survey/Engine overhaul/DP 2, a
cost estimated to be approximately USDm 1.4 (at buyers risk). This transaction
increases the gross cash in Northern Supply AS with USDm 4.2 compared to not
executing this transaction.

“These transactions are in line with our expectations of an increase in the
value of our assets. In addition, these transactions strengthen the cash
position in the company structure, still with no debt, and further enables
Standard Drilling to pursue other attractive opportunities within the market the
Company operates” says Martin Nes, Chairman of the Board in SDSD.

After the transactions SDSD has a 100% ownership of five large sized PSV’s and
~26% ownership of 12 medium sized PSV’s.

Further SDSD has economic exposure in 18 PSVs in total (including the sale-lease
back of FS Arendal), where of the 4 medium sized PSV’s owned by NWS are
considered as a financial asset. SDSD has no debt.

š

For further information please contact:
Chairman of the Board Martin Nes at +47 92 01 48 14, or
General Manager Evangelia Panagide at +357 99 77 11 16

Ekstern link: http://www.newsweb.no/index.jsp?messageId=461500

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20181018.OBI.20181018S29

#8
#9

SDSD: THIRD QUARTER 2018 FINANCIAL RESULTS

SDSD: THIRD QUARTER 2018 FINANCIAL RESULTS

NOTE: THE COMPANY IS AN INVESTMENT ENTITY AND SHALL NOT CONSOLIDATE ITS
SUBSIDIARIES.

(Limassol, 8 November 2018) S.D. Standard Drilling Plc (Standard Drilling,
OSE:SDSD) had a positive adjusted EBITDA of USD 0.2 million in the third quarter
of 2018 from the underlying operations of Platform Supply Vessels (PSVs),
compared to USD 0.7 million in the corresponding quarter last year.

"Standard Drilling experienced a satisfactory demand and utilization of our
modern PSV fleet in the third quarter. Having already secured winter coverage
for 3 of our 5 large size vessels, main focus going forward will be to secure
winter coverage for the rest of the fleet. At the same time it is important that
the vessels are available to take advantage of the expected upturn in the
market, when it takes place. Standard Drilling has a solid position to
capitalize on this development with our modern fleet of large vessels, low
overhead costs and sound financial position with no debt,” says Martin Nes,
Chairman of the Board of Standard Drilling.

The company is an investment entity and shall not consolidate its subsidiaries.
Consequently, Standard Drilling measures it’s investments in PSVs based on fair
value estimates from reputable independent valuers. Revenues and EBITDA from
chartering out the vessels are not consolidated into, nor reflected in the
financial statements. Consequently, Standard Drilling reported an operating
profit of USD -0.2 million in the third quarter of 2018 (Q3 2017: - USD 5.8
million), following negative fair value changes of USD 0.1 million.

Standard Drilling owns 100% of five large-size modern PSVs. In addition, the
company has invested in 13 mid-size PSVs, bringing the total fleet of partly and
fully owned vessels to 18 PSVs. The total fleet of 18 vessels take into
consideration the sale of two medium size vessels by New World Supply Ltd in
October 18 and includes FS Arendal, a vessel that was sold but leased back on a
1 year contract. The company had an underlying positive adjusted EBITDA,
excluding non-recurring cost and dry dock, special survey, maintenance and
repair, in the third quarter of USD 0.3 million from the five fully owned
large-sized PSV’s. Including the 25.53% ownership in Northern Supply AS, the
group netted a positive adjusted EBITDA of USD 0.2 million.

The company and its subsidiaries had a cash balance of USD 21.5 million at the
end of the third quarter, up from USD 15.2 million in the same period last year.

"Standard Drilling currently has focus on having the vessels in operation with
solid utilization. The utilization for our large size vessels are 92% year to
date. This includes October, a month where the large size PSV’s performed a
solid 98 % utilization. " says Nes.

ENDS
For additional information, please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16
Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard Drilling/www.standard-drilling.com
S.D. Standard Drilling was founded in 2010. The company currently has 100%
ownership interest in five large-size Platform Supply Vessels (‘PSVs’) and an
indirect ownership interest in thirteen mid-size PSVs including one vessel on a
1 year bare- boat contract

Ekstern link: https://newsweb.oslobors.no/message/463058

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20181108.OBI.20181108S8

#10

Standard Drilling flagging notice

Funds managed by Altana Funds Ltd (Cayman Islands) have today 12 November 2018
acquired 380,000 shares in Standard Drilling plc (OSE: SDSD) and now own and
aggregate of 28,909,959 shares, equal to 5.02 % of the issued shares.

Ekstern link: https://newsweb.oslobors.no/message/463408

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20181113.OBI.20181113S18

#11

22/11-2018 20:29:10: (SDSD) SDSD – INCREASES OWNERSHIP IN FOUR MID-SIZE PLATFORM SUPPLY VESSEL

#12

07/12-2018 07:00:00: (SDSD) MANDATORY NOTIFICATION OF TRADE – MARTIN NE

#13

07/12-2018 07:05:00: (SDSD) MANDATORY NOTIFICATION OF TRADE – ESPEN LUNDAA

#14

07/12-2018 08:11:55: (SDSD) S.D. STANDARD DRILLING (SDSD) – DISCLOSURE OF SHAREHOLDING

#15

18/12-2018 17:31:26: (SDSD) MANDATORY NOTIFICATION OF TRADE – MARTIN NE

#16

18/12-2018 17:32:36: (SDSD) MANDATORY NOTIFICATION OF TRADE – ESPEN LUNDAA

#17

03/01-2019 16:28:32: (SDSD) Financial calendar

#18

22/01-2019 08:30:00: (SDSD) S.D. Standard Drilling Plc (“SDSD”) – Fleet update and utilization for fourth quarter 201

#19

01/02-2019 15:10:51: (SDSD) MANDATORY NOTIFICATION OF TRADE – MARTIN NE

#20

14/02-2019 07:00:00: (SDSD) SDSD: FOURTH QUARTER 2018 FINANCIAL RESULTS